tax break

October 9, 2018

Tax incentives are (still) costly

Louisiana’s panoply of tax rebate and incentive programs cost the state $1.1 billion in tax revenue that otherwise would have been collected from corporations and individuals, according to a state audit released Monday.

Number of the Day

78 - The number of tax rebates and incentives that contributed to Louisiana’s $1.1 billion tax revenue loss. (Source: The Advocate)
August 6, 2018

The real state of the economy

By some measures, the U.S. economy is faring better than it has in years. At 4.1 percent, second-quarter growth was the fastest acceleration in four years.

Number of the Day

14.5 - Percentage of Louisiana nursing home residents who were mentally ill in 2016. A federal legal settlement is aimed at reducing that figure. (Source: The Associated Press)
August 31, 2017

Corporate tax cuts mainly help the rich

President Donald Trump laid out the broad outlines of his plan to cut corporate taxes in a speech on Wednesday.

Number of the Day

$190 billion- Estimated economic impact of Hurricane Harvey, exceeding the economic impact of Sandy and Katrina combined. (Source: Accuweather)
August 28, 2017

Starving higher education

How bad is the financial crunch at Louisiana's colleges and universities? So bad that at Nicholls State University, appropriations from the state are no longer enough to cover all "mandated" costs - money that goes back to the state to pay for pensions, security, health benefits and the like.

Number of the Day

$1.07 - Amount that Nicholls State University spent on costs mandated by the state in 2016-17, for every $1 in general fund support it received. (Source: The Advocate)